The market

Why is insurance so important to high net worth clients today?

Demand for life insurance from wealthy clients is increasing globally. In the UK, changes to domicile rules, tax and inheritance tax planning schemes has made aggressive tax structuring a thing of the past. Client’s assets are more and more visible to the authorities. 

This same trend towards transparency is happening globally. All countries rules differ to some extent, but the general theme is the same. The Common Reporting Standard (CSR), a standard for the Automatic Exchange of Information (AEI+OI) between tax authorities mean that wealthy client’s assets are more visible now than ever before. 

Consequently an increasing number of high net worth clients and their trusted advisers are turning to life insurance as a most effective and easiest solution to solve a client’s complex planning requirements. However the insurance market is complex, particularly for high value policies. To navigate the broader market and the tax environment successfully, clients need the help of highly experienced insurance experts. They can ensure the clients are matched with the most suitable solutions while executing a superior customer journey.

The Salus team’s collective experience is second to none. With a particular history in UK and international insurance, taxation, and trust planning, we understand the importance and complexity of long term planning around asset protection. Insurance is a perfect, non-contentious tool to deal with today’s difficulties in succession and wealth planning. It is an essential part of an often more complex holistic plan, put in place by the clients’ wider, trusted, professional advisers, including banking, legal and accounting experts. We work closely with those advisers to create the best possible customer outcomes.

Contact Salus today and speak to one of our specialist team about your life insurance requirements.